Manistique, MI 49854 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Manistique, MI—49854

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$173,000

2.8% YoY Growth

Household Income

$57,200

45.8% YoY Growth

Days on Market

28.0% Longer YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Manistique, MI

Manistique, MI lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$173,000	2.8%
Single Family	$173,000	3.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Manistique, MI

Manistique, MI lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.1%

1 Bedroom

38.5%

2 Bedrooms

19.9%

3 Bedrooms

26.8%

4 Bedrooms

12.6%

Property Listings — Manistique, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Manistique, MI is 74. This is a increase of 28.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$257,000	-13.0%
Listing Count	30	-22.0%
Listings as % of Homes	0.5%	-22.0%
Days on Market	74	28.0%

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Demographics — Manistique, MI

As of the latest ACS Survey released in 2023, Manistique, MI has a population of 6,150, which has remained stable by -0.7% over the past 5 years. Manistique, MI is a moderately popular place for families, as children make up 16.1% of the population. The area has a poorly educated workforce, with 21.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	6,150	-0.7%
% Under 18	16.1%	-9.6%
% Seniors	29.6%	15.2%
% WFH	3.5%	75.0%
% w/ College Degree	21.3%	30.7%

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As of the latest ACS Survey released in 2023, Manistique, MI is a predominantly white area, with 83.6% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Manistique, MI is hispanic, making up 1.1% of the population. Foreign-born residents account for 1.2% of the population in Manistique, MI, and this percentage has increased by 33.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	83.6%	-2.8%
% Black	0.7%	40.0%
% Hispanic	1.1%	10.0%
% Asian	0.3%	-25.0%
% Foreign Born	1.2%	33.3%

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Mortgage and Risk — Manistique, MI

According to HUD data as of 2023, there were 56 mortgage originations in Manistique, MI, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Manistique, MI. Investor activity is low, as 7.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	56
% Conventional Loans	71.0%
% Government Loans	29.0%
% Investor Loans	7.0%
% Second Loans	18.0%
% Cash Out Refinance	20.0%

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Rentals and Section 8 — Manistique, MI

Manistique, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	207
Total Units Section 8	99
% Rentals under Section 8	N/A
% Occupied Section 8	50.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$780
2 Bedroom	N/A	N/A	$930
3 Bedroom	N/A	N/A	$1,290
4 Bedroom	N/A	N/A	$1,390

Manistique, MI—49854

Key Metrics at a Glance

Home Price Trends — Manistique, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Manistique, MI

% of Rental Stock

Property Listings — Manistique, MI

Demographics — Manistique, MI

Race and Ethnicity

Mortgage and Risk — Manistique, MI

Mortgages

Rentals and Section 8 — Manistique, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Manistique, MI

Home Price to Income Ratio

Manistique, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Rapid River, MI

Wetmore, MI

Garden, MI

Rapid River, MI

Campbell

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$173,000
Median Household Income	$57,200

Manistique, MI—49854

Key Metrics at a Glance

Home Price Trends — Manistique, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Manistique, MI

% of Rental Stock

Property Listings — Manistique, MI

Demographics — Manistique, MI

Race and Ethnicity

Mortgage and Risk — Manistique, MI

Mortgages

Rentals and Section 8 — Manistique, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Manistique, MI

Home Price to Income Ratio

Manistique, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Rapid River, MI

Wetmore, MI

Garden, MI

Rapid River, MI

Campbell

Frequently Asked Questions

What is the average home price in Manistique, MI 49854?

How have home prices in Manistique, MI 49854 changed over the past year?

What is the home price projection for Manistique, MI 49854?

What are the demographics of Manistique, MI 49854?

How long does it take homes to sell in Manistique, MI 49854?

What is the average rent price in Manistique, MI 49854?